Sun TV Network (SUNTV) Q4 23/24 earnings summary

Executive summary

• Achieved consolidated total income of ₹4,787.12 crore for FY24, up from ₹4,149.10 crore in FY23, with profit after tax rising to ₹1,925.80 crore from ₹1,706.92 crore year-over-year.

• Added four new TV channels, expanding to 37 channels across seven languages, and continued growth in digital and sports segments.

• Declared interim dividends totaling ₹16.75 per share (335% of face value), with a payout ratio of 35.2%.

Financial highlights

• Standalone revenue from operations reached ₹4,148.36 crore, up from ₹3,661.37 crore year-over-year.

• Standalone profit before tax was ₹2,548.54 crore (FY23: ₹2,238.12 crore); profit after tax was ₹1,875.15 crore (FY23: ₹1,674.53 crore).

• Consolidated earnings per share increased to ₹48.86 (FY23: ₹43.31).

• Net profit margin stood at 41% and return on capital employed at 23%.

• The company remains debt-free with strong liquidity and working capital position.

Outlook and guidance

• Expects continued growth in digital media, OTT, and sports franchise revenues, with digital media poised to overtake traditional TV in the coming years.

• Anticipates further expansion in regional and national markets, leveraging content ownership and digital platforms.

• Indian M&E sector projected to grow at 10% CAGR, with new revenue streams from DTH and rural digital adoption.